Updated Feb 16, 2024
Ty Cueva's Luxury SFR Construction In Bel Air Secures $20.8M Loan From Castellan Capital
10697 Somma Way, Los Angeles, CA 90077, USA
$20,800,000
$520/SF
Building Size
40,000 SF
Asset Type
Other
Closing
Jul 26, 2018
About this deal
AI
A luxury single family residential construction located at 10697 Somma Way in the Bel Air market has recently undergone a closed transaction. The property spans approximately 40,000 square feet.
Summary of transaction details
- Property Type: Luxury SFR Construction
- Transaction Amount: $20,800,000
- Date: 7/27/2018
- Market: Bel Air
- Landlord/Developer: Ty Cueva @westsidepropertygroup
- Lender: @CastellanCapital
This transaction involved a loan with a term of 2 years and a floating interest rate. Daniella Marca and Ty Cueva can be seen in the provided image associated with this transaction.
On the Map
$20,800,000
$520/SF
Other
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93